BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm led by Fundstrat’s Thomas Lee, has bought 77,055 ether valued at around $320 million this week.
This brings its total holdings to over 3.31 million ETH — about 2.8% of Ethereum’s circulating supply — worth roughly $14.2 billion when combined with its Bitcoin, equity, and cash reserves.
The purchase cements BitMine’s position as the world’s largest corporate ETH holder and the second-largest crypto treasury after Saylor’s Strategy.
BitMine’s shares rose 4.5% alongside ETH’s 5% jump to above $4,100.
Lee said the purchase followed signs of stability after recent market deleveraging, supported by improving U.S.–China trade talks and a broader recovery in risk assets.
He added that strong equity markets often boost crypto valuations, making this an opportune time to expand the company’s Ethereum exposure.
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